What you need to know about rehabilitation procedure

The rehabilitation plan is the principal document of the rehabilitation procedure. It is prepared jointly by the debtor, the creditors, and the rehabilitation manager, approved by the meeting of creditors, and subsequently confirmed by the court.

The plan includes:

• measures aimed at restoring solvency;
• implementation timelines;
• a schedule for satisfying creditors’ claims;
• expected outcomes;
• required resources;
• potential risks.

The plan must ensure equal conditions for the satisfaction of claims of creditors within the same priority ranking.